Elon Musk is reportedly under SEC scrutiny again over alleged cryptocurrency manipulation. In 2018, the SEC filed a lawsuit against Musk over a tweet, which resulted in Musk stepping down as Chairman of the board for Tesla. Tesla and Musk also each had to pay $20 million in fines. Musk has been talking a lot about cryptocurrency lately, and his tweets have been very influential over the value of some coins, particularly Dogecoin. https://electrek.co/2021/02/25/tesla-ceo-elon-musk-reportedly-under-sec-investigation-over-dogecoin-tweets/
Every time I think dodge coin got to 10 billion marker cap, I just smile. As this is the greatest show in trading community right now.
Crypto’s are not securities and he’s not bound by any fiduciary duty, nor does the SEC have any jurisdiction. He likes dogs and memes. The case is much different than the former guy use of tweets.
It's so cute how the SEC thinks that they can intimidate Elon Musk when they probably have nothing on him, and he already knows it....
I like it how clueless morons who support blindly Elton Musk no matter what, and their shitcoins, have all legal degrees that can challenge the SEC jurisdiction LOL
Yep, just as I was saying... https://www.foxbusiness.com/markets/elon-musk-sec-probe-dogecoin-tweets-would-be-awesome Elon Musk thinks it's a huge joke because they litterally have nothing on him. And even if they did, 20 million bucks would be like 20 cents to you or me. The SEC is just trying really hard to make it seem like their jobs are important over something they have no control over. And I don't even think they have juristiction over personal messages on social media, not with our 'Freedom of Speech' by the good constitution. And after they do nothing about it, everyone will know how easy it is to work together against these market movers.... Have a great day everyone...